MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0007175
Navratna Solutions Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹76.65 Lakh
▼ 82% YoY
Net loss · FY 2024
₹51.64 Lakh
Net margin -67.4%
EBITDA · FY 2024
-₹31.85 Lakh
EBITDA margin -41.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Employees · EPFO
10
Provident fund records
Directors on board
2
As per MCA filings
About Navratna Solutions Private Limited
Data last updated:
Navratna Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 24 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2014PTC077909. Its GSTIN is 29AAECN8373J1ZU (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bharath Kumar Bhawarlal and Santosh Ranka.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.65 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹51.64 Lakh (net margin -67.4%) and EBITDA of -₹31.85 Lakh (EBITDA margin -41.5%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 35% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
Court records list 26 cases involving the company, including 26 filed against it; 6 cases are pending.
Navratna Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0007175). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navratnasolutions.com.
Company details
CIN U52100KA2014PTC077909
Registration Number 077909
Incorporation Date 24 December 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0007175
Recognitions & Rankings of Navratna Solutions
Contact details
Navratna Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is navratnasolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.121 Eta Mall, Binnypete Hosakere Road, Bangalore, Karnataka, India – 560023
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Navratna Solutions Private Limited, buy the company report.
Comprehensive company report
Navratna Solutions Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activities of Navratna Solutions are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Navratna Solutions Private Limited, buy the company report.
Financials of Navratna Solutions Private Limited
FY 2024 filings availableNavratna Solutions Private Limited reported revenue of ₹76.65 Lakh (down 82% YoY) for FY 2024.
Revenue · FY 2024
₹76.65 Lakh ▼ 82%
Net loss · FY 2024
₹51.64 Lakh margin -67.4%
EBITDA · FY 2024
-₹31.85 Lakh margin -41.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 50%
5 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▼ 274%
3 years · compounded
▼ 40%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 82% fall in the latest year. EBITDA fell 274% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹31.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹51.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -41.5% | ||||
| Net Profit Margin | -67.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Navratna Solutions Private Limited, buy the company report.
Board of directors of Navratna Solutions Private Limited
Navratna Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharath Kumar Bhawarlal Also directs: Scovia Food and Beverages LLP | Director | 24 Dec 2014 | 11 Years 10 Months | Current |
| Santosh Ranka | Director | 24 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Navratna Solutions Private Limited is audited by MARUTHI & MOHANA for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MARUTHI & MOHANA | FY 2020 | 014330S |
Shareholding
The shareholding of Navratna Solutions Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Navratna Solutions Private Limited, buy the company report.
Legal cases
Navratna Solutions Private Limited has 26 court cases on record: 26 filed against it. 6 cases are pending and 20 are disposed.
Total cases
26
Filed against the company
26
Pending
6
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 26 | 6 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by M/S Pro Screen Technologies Pvt Ltd Through Its Ar Ramesh Kumar | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Moneyx Finserve Private Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by M/S.P.J.Associates, Rep.By Mr.Nikhil Shah | Pending |
To see the full case history of Navratna Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Navratna Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Navratna Solutions Private Limited has a workforce of 10 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-16.67%
GST
Navratna Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECN8373J1ZU | Karnataka | Active | 01 Jul 2017 |
| 07AAECN8373J1Z0 | Delhi | Active | 29 Jan 2022 |
To see the full GST registrations and return filing status of Navratna Solutions Private Limited, buy the company report.
Recent activity
Navratna Solutions Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Sangeet Kumar Baid ceased to be Additional Director on 01 Jan 2021.
AGM
Navratna Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Navratna Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Sangeet Kumar Baid ceased to be Additional Director.
Appointed
Bharath Kumar Bhawarlal was appointed as Director.
Appointed
Santosh Ranka was appointed as Director.
Incorporation
24 Dec 2014
Navratna Solutions Private Limited was registered on 24 Dec 2014 with Roc Bangalore & aged 11 years 10 months as per MCA records.
Frequently asked questions
Navratna Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 24 December 2014 (12+ years old) and is registered under CIN U52100KA2014PTC077909.
Navratna Solutions has 2 current directors:
- Bharath Kumar Bhawarlal - Director
- Santosh Ranka - Director
The latest financial statements of Navratna Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Navratna Solutions is 29AAECN8373J1ZU, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAECN8373J1Z0 (Delhi).
The CIN (Corporate Identification Number) of Navratna Solutions is U52100KA2014PTC077909. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navratna Solutions has 26 court cases on record: 26 filed against it. 6 are pending.
Navratna Solutions was incorporated on 24 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Sangeet Kumar Baid ceased to be Additional Director on 01 Jan 2021. Bharath Kumar Bhawarlal was appointed as Director on 24 Dec 2014. Santosh Ranka was appointed as Director on 24 Dec 2014.
Yes, Navratna Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0007175).
Navratna Solutions can be reached through the website navratnasolutions.com. Its registered office is in Bangalore, Karnataka, India.
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